Highlights: Globally there were over 85 million confirmed Covid-19 cases at the start of January and over 20 million in the United States alone. Democrat wins in the Georgia runoff election will give the incoming Biden administration more flexibility with economic policy and the structure of further stimulus. Stricter lockdown measures were implemented throughout Europe,…
Market Update – December 2020
Highlights: Joe Biden is the projected winner of the US presidential election, with the passing of the ‘safe harbour’ deadline making it hard for legal challenges to change the outcome. Globally there were over 60 million confirmed Covid-19 cases at the start of December and numbers continue to rise in the US, South America and…
December Economic Update with Bob Cunneen
Promising news on vaccines combined with surprising economic resilience drove share markets higher in November.
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, December 2020
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on 3-year Australian Government bonds, as well as the parameters of the Term Funding Facility and the government bond purchase program. Globally, the news has been mixed recently. On…
November Economic Update with Bob Cunneen
Global share markets weakened in October on the back of rising COVID-19 infections in the northern hemisphere.
Market Update – November 2020
Senator Biden is projected to win the US presidency, while President Trump’s chances hinge on successful legal challenges in multiple battleground states. Markets were buoyed in November by the successful trial of the Pfizer/BioNtech vaccine, which is expected to be approved by the FDA later in the month. Rising COVID-19 cases in Europe have forced…
Market Update – October 2020
The upcoming US presidential election is contributing to market volatility and raising fears of a disputed election result, which could lead to market instability. Attention shifted in September from monetary policy to fiscal policy as markets looked for signs that fiscal spending will continue to prop up economies around the world. The Australian federal budget…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, October 2020
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recovery is uneven…
September Economic Update with Bob Cunneen
Which key events have been driving markets? Watch this video with Bob Cunneen, Senior Economist at MLC Asset Management, to find out.
Market Update – September 2020
The global economic recovery continues, however growth is uneven across regions and there were signs of a loss of momentum in Europe through the September quarter. US President Trump stepped up his trade rhetoric ahead of the presidential election with talk of a “decoupling” from the Chinese economy amid a widening trade deficit. China is…